CCC vs DOCS: Correlation
How closely do CCC Intelligent Solutions Holdings Inc. (CCC) and Doximity, Inc. (DOCS) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and DOCS?
Over the past 3 years, CCC and DOCS moved with a correlation of 0.50, which is moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.50). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1184.7 %².
Within CCC's tracked universe of 21 assets, DOCS comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CCC outperformed by 39.7 percentage points (-22.7% for CCC against -62.4% for DOCS). Note the risk asymmetry: DOCS runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CCC vs DOCS: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | DOCS (Doximity, Inc.) | |
|---|---|---|
| 1-year return | -22.7% | -62.4% |
| 5-year return | -30.0% | -69.1% |
| Volatility (ann.) | 39.5% | 59.8% |
| Beta vs S&P 500 | 0.83 | 1.53 |
| Max drawdown (3Y) | -68.4% | -78.3% |
| Market cap | $4.5B | $4.6B |
| P/E (trailing) | 108.6 | 29.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCC | DOCS |
|---|---|---|
| 2022 | -23.6% | -33.1% |
| 2023 | +30.9% | -16.4% |
| 2024 | +3.0% | +90.4% |
| 2025 | -32.2% | -17.1% |
| 2026 | -4.4% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and DOCS good diversifiers for each other?
Only partially. A correlation of 0.50 means CCC and DOCS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CCC and DOCS?
The CCC/DOCS correlation stands at 0.50 on a 3-year window (1 year: 0.72, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is DOCS a good diversifier for CCC?
Only partially. A correlation of 0.50 means CCC and DOCS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCC correlations · DOCS correlations
